Euro / U.S. DollarShort
SHORTING EURUSD
EURUSD has finally broken a major trendline. I had not taken an immediate short, as I wanted the demand zone (upper green rectangle) to hit. Due to the law of absorption, the level should have triggered some orders and should be standing a bit weaker as a level now. If the price can return to the initial point or rejection (red zone, otherwise known as supply) I will be plugging my shorts in to target the lower green zone. R/R ~2, always satisfactory.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.